Get the scoop on finance - sign up for mobile alerts

Federal Reserve

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of…

May 3, 2024

Fundstrat’s Tom Lee Sees Stock Market Rising on Wall of Worry, Says Inflation on Path To Glide Lower

Inflation is falling fast enough for the U.S. Federal Reserve to cut rates this year, which will benefit the stock…

April 10, 2024

Bitcoin Dips Likely To Be Aggressively Bought Up As Investors See BTC As Digital Gold, Says Coinbase Institutional

The research branch of top US-based crypto exchange platform Coinbase says that going forward, investors are likely to aggressively purchase…

April 7, 2024

‘Worrying’ Metric Shows Massive Inflation Spike Hammered US, Far Higher Than Reported: Former Treasury Secretary Larry Summers

Former U.S. Treasury Secretary Lawrence Summers says an old school method of tracking inflation may reveal the real amount of…

March 18, 2024

JPMorgan Chase Paying $348,200,000 Penalty, Issued Cease-and-Desist Order Over ‘Unsafe or Unsound’ Banking Practices

The Federal Reserve and the Office of the Comptroller of the Currency (OCC) are hitting banking giant JPMorgan Chase with…

March 17, 2024

$4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse

A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed…

March 15, 2024

The U.S. Federal Reserve Is ‘Nowhere Near’ Recommending or Adopting CBDC, Says Fed Chair Jerome

The U.S. Federal Reserve is not rolling out a Central Bank Digital Currency (CBDC) anytime soon, according to Fed Chair…

March 8, 2024

America on Eve of Banking Crisis, Warns Ex-IMF Official, With Hundreds of Lenders at Risk of Failure

A former IMF official believes the U.S. Federal Reserve has pushed America to the brink of another banking crisis. Desmond…

March 3, 2024

New York Bank ‘Teetering’ After Revealing $2,400,000,000 in Losses, Citing Material Weakness in Risk Management

A troubled New York bank with $113.9 billion in assets has just revealed that its balance sheet is far worse…

March 1, 2024

Fundstrat’s Tom Lee Says Stock Market Not in Bubble, Predicts Fed Won’t Hesitate To Cut Rates

The head of research at market intelligence firm FundStrat says the stock market most likely has more room to run…

February 25, 2024